Saudi Arabia’s Construction Market Growth Under Vision 2030

Introduction

Saudi Arabia’s Vision 2030 has positioned the Kingdom as a global construction powerhouse. Massive investments in infrastructure, housing, tourism, and smart cities continue to reshape the country’s urban landscape and attract international partners.

Market Size and Expansion

The Saudi construction market exceeded 200 billion SAR in 2024 and is expected to grow at an annual rate of 4.5% until 2030. More than 1.2 million residential units are currently in planning and development stages, alongside hundreds of large-scale commercial and industrial projects.

Future Opportunities

With over 1.3 trillion SAR allocated to housing, infrastructure, and special economic zones, the market offers long-term opportunities for suppliers, manufacturers, and technology providers seeking sustainable growth.